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Week in Review - 14 August 2009

Jeegar Kakkad August 14, 2009 10:13

Week in Review

 
↑ House Prices

The headline price balance rose 9.5 points to -8.1 in July, following last month's 25.4 point rise and the sales-to-stocks ratio rose from 22.5% to 25.1% on the month.

↑ Trade

The goods trade deficit rose to £6.5bn in June from £6.2bn in May, as imports of oil rose.

↑ Labour market

Claimant count unemployment rose by 24,000 in July, while the ILO rate rose to 7.8% with 2.44 million unemployed.

BoE August Inflation Report The recovery is likely to be protracted. Inflation will be volatile in the short-run, but the medium-term risks are balanced. Given market expectations for interest rates and an additional £50bn in QE, the Bank expects inflation to be near its target in two years.

 

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